Crocs Vs. Designer Brands: Which Footwear Stock Is A Better Buy?

On April 15, Leading sports retailer Lids partnered with DBI to bring licensed sports products to its stores in Canada for the first time. With this new partnership, Lids will have shop-in-shop concept stores coast to coast in 45 Canadian locations of DBI’s Designer Shoe Warehouse (DSW) and The Shoe Company. This new partnership also encompasses online sales with Lids’ products available on each store’s website moving forward. Both companies hope to witness expanded market reach across Canada.

Recent Financial Results

CROX’s revenues for its fiscal second quarter, ended June 30, 2021, increased 93.3% year-over-year to $640.77 million. The company’s non-GAAP gross profit came in at $396.30 million, up 116.4% from the prior-year period. Its non-GAAP income from operations has been reported at $196.44 million, representing a 166.1% improvement year-over-year. While its non-GAAP net income increased 109.9% year-over-year to $144.38 million, its non-GAAP EPS increased 120.8% year-over-year to $2.23. As of March 31, 2021, the company had $197.85 million in cash and cash equivalents.

For its fiscal first quarter ended May 1, 2021, DBI’s net revenue increased 10.4% year-over-year to $839.43 million. The company’s non-GAAP gross profit came in at $216.11 million, compared to a $26.46 million loss in the year-ago period. DBI’s adjusted operating profit has been reported at $18.75 million, compared to a $209.66 million loss in the prior-year period. Its adjusted net income came in at $9.47 million, compared to a $130.30 million loss in the year-ago period. Its adjusted EPS has been reported at 0.22 for the quarter, compared to a $3 loss in the prior-year period. The company had cash and cash equivalents of $49.30 million as of May 1, 2021.

Past and Expected Financial Performance

CROX’s revenue and tangible book value grew at 21.2% and 29.9% CAGRs, respectively, over the past three years. The company’s total assets have grown at a 35.2% CAGR over the past three years.

View single page >> |

Disclaimer: Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Jason Green 3 months ago Member's comment

#CROCS all day everyday, I'm from the streets! $CROX